Preliminaries

Money, Banking and Financial Markets:

Monetary Policy and International Finance (3,168)

Fall term 2017

Prof. Dr. Martin Brown
Course objective
You will be familiar with the following issues:

• What is money and how is it “created”

• How central banks set their objectives and how they implement
monetary policy through financial markets

• How monetary policy affects interest rates and inflation

• How exchange rates affect the economic decisions of households

and firms

• What is the interrelation between monetary policy, exchange

rates and capital flows

Monetary Policy and International Finance (3,168), Prof. Dr. Martin Brown
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Textbook

• F. Mishkin: The Economics of Money, Banking and Financial

Markets, 11th Global Edition (2016)

Monetary Policy and International Finance (3,168), Prof. Dr. Martin Brown
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Companion lecture

• Money, Banking & Financial Markets: Financial Markets &

Institutions
− Prof. Winfried Königer
− Spring term
− in German

Monetary Policy and International Finance (3,168), Prof. Dr. Martin Brown
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Self-study

• Exercises

• Discussions
− press articles
− policy statements

• Selected subchapters of the book

Monetary Policy and International Finance (3,168), Prof. Dr. Martin Brown
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Formalities

• StudyNet:
− schedule
− slides, self study

• Exam relevant:
− slides and discussion in class
− book chapters
− self-studies

• Exam questions:
− exercises
− open questions
− multiple choice
• Teaching assistant: maria.kartsakli@unisg.ch

Monetary Policy and International Finance (3,168), Prof. Dr. Martin Brown
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